Projected cuts around the country will bring forward some deeper questions about school finance.
But without an equally ambitious plan for economic growth, Osborne's projected cuts will just cause pain without sufficient gain.
Even before the projected cuts, almost half of the school districts in Texas faced budget shortfalls, according to the Texas Association of School Administrators.
But the Welsh government said figures showing projected cuts in some areas of up to 20% had been an earlier option and had been discounted.
Economides explained that the projected cuts could break down into 11.5 billion euros worth of cuts -- from pensions and wages as well as the sale of state property -- and the remaining 2 billion euros from additional taxes.
Unfortunately, there is little reason to believe that projected spending cuts will occur.
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But Mr Bush argues (optimistically) that projected surpluses mean you can have both tax cuts and active government.
On the previous occasion that this exercise was conducted, in the run-up to the 1994 election, the bureau projected that the Christian Democrats would have to make large cuts in welfare benefits to fulfil their promises of large tax cuts.
If Congressional Republicans agree to increase tax rates, two of three voters (66%) support spending cuts across the federal budget equal to or greater than the projected increase in revenue.
The United Nations Environment Programme (Unep) says the increase in the levels of emissions in this year's report is due to projected economic growth in some developing countries and the removal of some emissions cuts that were counted twice.
Besides, while the House budget proposed massive changes in the tax code through cuts in both rates and tax expenditures, it anticipates no net change in projected revenues.
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Eliminating the Bush tax cuts for the highest earners, however, will only put a small dent in the projected deficit.
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